CESTAT Delhi held that proceedings to recover the drawback under Rules 16/16A of the Drawback Rules are in the nature of execution proceedings hence they cannot be used to modify the value in the Shipping Bills.
Ministry of Finance streamlines PMLA KYC rules for SEBI-defined intermediaries, allowing CKYCRR uploads, updates, and retrieval to be done via a KYC Registration Agency (KRA).
Delhi High Court held that proceedings for civil contempt against Principal Commissioner of Income Tax [PCIT] dropped since there is no wilful disobedience or order has not been passed with evil intent or with bad motive.
PFRDA clarifies that POPs may engage non-individual intermediaries registered with RBI, IRDAI, SEBI, or PFRDA as Pension Agents under existing regulations.
Taxpayers cannot file GSTR-9 for FY 2024-25 unless all GSTR-1 and GSTR-3B returns are completed. Auto-population of relevant tables depends on these filings.
The RBI Account Aggregator framework mandates a ₹2 Cr NOF and digital-first compliance. Understand the AA licensing process, post-registration audits, and security requirements.
Mumbai ITAT rules capital gains on a foreign company’s share sale are non-taxable in India under Article 13(5) of the India-Singapore DTAA. TRC is conclusive proof.
NCLT Kochi held that application under section 7 for initiation of Corporate Insolvency Resolution Process [CIRP] against M/s. Inditrade Business Consultants Limited is admitted since financial debt and occurrence of default established.
India launches the Goods and Services Tax Appellate Tribunal (GSTAT) with 31 Benches and a digital e-portal to expedite GST dispute resolution. Appeal filing deadline set for June 2026.
ITAT ruled in Grasim Industries that a court-sanctioned scheme transfer before the 2021 amendment is a transfer by law, not a slump sale under Section 50B. The change is not retrospective.
